Roku Inc (NASDAQ:ROKU)'s share price was down 5.4% on Friday following insider selling activity. The company traded as low as $107.62 and last traded at $108.51, approximately 11,973,589 shares were traded during trading. A decline of 7% from the average daily volume of 12,943,256 shares. The stock had previously closed at $114.70.
Specifically, CEO Anthony J. Wood sold 35,000 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $83.37, for a total transaction of $2,917,950.00. Following the transaction, the chief executive officer now directly owns 71,592 shares in the company, valued at $5,968,625.04. The sale was disclosed in a filing with the SEC, which is available through this link
. Also, VP Scott A. Rosenberg sold 1,687 shares of the business's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $112.39, for a total transaction of $189,601.93. Following the transaction, the vice president now owns 47,561 shares in the company, valued at $5,345,380.79. The disclosure for this sale can be found here
. Over the last 90 days, insiders have sold 163,872 shares of company stock worth $17,649,686. 22.70% of the stock is owned by corporate insiders.
A number of equities analysts recently weighed in on ROKU shares. ValuEngine upgraded shares of Roku from a "sell" rating to a "hold" rating in a report on Thursday, April 2nd. DA Davidson decreased their price objective on shares of Roku from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Pivotal Research reiterated a "sell" rating and issued a $60.00 price objective on shares of Roku in a report on Thursday, May 7th. Wedbush upped their price objective on shares of Roku from $86.00 to $136.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Finally, SunTrust Banks reiterated a "hold" rating and issued a $160.00 price objective on shares of Roku in a report on Monday, April 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and a consensus target price of $132.20.
The company's 50-day moving average is $112.27 and its two-hundred day moving average is $123.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.60 and a quick ratio of 2.49. The firm has a market cap of $14.04 billion, a P/E ratio of -123.31 and a beta of 1.96.
Roku (NASDAQ:ROKU) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.45) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.46) by $0.01. Roku had a negative net margin of 8.43% and a negative return on equity of 18.24%. The business had revenue of $320.77 million during the quarter, compared to analysts' expectations of $309.23 million. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Roku's revenue was up 55.2% compared to the same quarter last year. On average, analysts expect that Roku Inc will post -1.65 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Roku by 1.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,988 shares of the company's stock worth $436,000 after acquiring an additional 78 shares during the last quarter. Utah Retirement Systems lifted its holdings in shares of Roku by 0.6% in the fourth quarter. Utah Retirement Systems now owns 16,300 shares of the company's stock worth $2,183,000 after acquiring an additional 100 shares during the last quarter. Parkwood LLC lifted its holdings in shares of Roku by 1.2% in the fourth quarter. Parkwood LLC now owns 8,489 shares of the company's stock worth $1,137,000 after acquiring an additional 101 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Roku by 17.1% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $66,000 after acquiring an additional 110 shares during the last quarter. Finally, Navellier & Associates Inc lifted its holdings in shares of Roku by 5.7% in the first quarter. Navellier & Associates Inc now owns 2,396 shares of the company's stock worth $210,000 after acquiring an additional 130 shares during the last quarter. 56.97% of the stock is owned by institutional investors and hedge funds.
About Roku (NASDAQ:ROKU)
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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